Ather Energy Working On New 2-Wheeler Platforms To Enter Electric Motorcycle Segment

Ather Energy Working On New 2-Wheeler Platforms To Enter Electric Motorcycle Segment

SUMMARY

Ather said it plans to expand its product portfolio with the launch of new vehicles that can cater to the broader E2W market with upgraded software features

As of now, Ather’s portfolio comprises seven electric scooters – Ather 450X (2.9 kWh), Ather 450X (3.7 kWh), Ather 450S, Ather 450 Apex, Ather Rizta S, Ather Rizta Z (2.9 kWh) and Ather Rizta Z (3.7 kWh)

The startup filed its IPO papers earlier in the day and is looking to raise INR 3,100 Cr via a fresh issue of shares. The public issue will also comprise an offer-for-sale (OFS) of up to 2.2 Cr equity shares

Following Ola Electric’s suit, IPO-bound electric two-wheeler (E2W) manufacturer Ather Energy is working on new platforms to foray into the electric motorcycle segment.

In its draft red herring prospectus (DRHP) filed with SEBI, Ather said it plans to expand its product portfolio with the launch of new vehicles that can cater to the broader E2W market with upgraded software features. 

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